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New investment

30 May 2017 11:31

RNS Number : 5506G
GCP Asset Backed Income Fund Ltd
30 May 2017
 

GCP Asset Backed Income Fund Limited ("GCP Asset Backed Income" or the "Company") (LEI 213800FBBZCQMP73A815)

New investment

The Company, which invests in asset backed loans, is pleased to announce a senior loan of €7.8 million financed against the contracted management fees of a European based fund manager. The loan has been funded from the net proceeds of the Company's recent issue of C shares.

For further information, please contact:

Gravis Capital Partners LLP

+44 (0)20 7518 1490

David Conlon

david.conlon@gcpuk.com

Philip Kent

philip.kent@gcpuk.com

Dion Di Miceli

dion.dimiceli@gcpuk.com

Cenkos Securities plc

+44 (0)20 7397 8900

Tom Scrivens

tscrivens@cenkos.com

Oliver Packard

opackard@cenkos.com

Sapna Shah

sshah@cenkos.com

Buchanan

+44 (0)20 7466 5000

Charles Ryland

charlesr@buchanan.uk.com

Vicky Watkins

victoriaw@buchanan.uk.com 

 

Notes to Editors

The Company

The Company is a closed ended investment company traded on the Main Market of the London Stock Exchange. Its investment objective is to generate attractive risk-adjusted returns primarily through regular, growing distributions and modest capital appreciation over the long term.

The Company seeks to meet its investment objective by making investments in a diversified portfolio of predominantly UK based asset backed loans which have contracted, predictable medium to long term cash flows and/or physical assets.

This information is provided by RNS
The company news service from the London Stock Exchange
 
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